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CEO Elon Musk not liable late Friday for shareholder losses following his tweet suggesting he had secured funding for a buyout of the electric car company. No such buyout happened, and Tesla shares' ...
"Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge." Associated Press. "In Court Brief, Musk Says the SEC Is Unlawfully Muzzling Him." ...
Elon Musk is facing a class-action lawsuit filed on behalf of Tesla shareholders after he tweeted about a company buyout that ...
Tesla CEO Elon Musk is facing scrutiny by the U.S. Securities and Exchange Commission (SEC) regarding his specific comments ...
The SEC is investigating Elon Musk over potential ties to claims Tesla has made about its self-driving software, Bloomberg ...
It was later revealed that Musk had not actually secured the funding. After an investigation, the SEC fined him $40 million, and Musk was forced to step down as chair of Tesla’s board.
Musk will not, however, be barred forever from running a publicly traded company, which the SEC demanded when it sued him for securities fraud last week. Tesla will pay the $20 million for failing to ...
(Twitter's character limit is 280 characters, but Musk repeatedly said it was 240 characters during his testimony.) Porritt responded, "There's no exception in SEC rules based on the character ...
“But can you be comprehensive? Of course not.” In court brief, Musk says the SEC is unlawfully muzzling him Musk’s latest headache stems from the inherent brevity on Twitter, a service that ...
Musk later said that he had been in discussions with Saudi Arabia's sovereign wealth fund and felt sure that funding would come through at his proposed price. A deal never materialized. The SEC ...
Spiro pushed for certain topics to be omitted from the plaintiff’s opening statements: Musk’s disputes with the SEC and “recent events at Twitter,” indicating that he does not want the ...
Tesla Inc. Chief Executive Elon Musk sold almost $3.6 billion of his shares in the electric-car maker. “This should be of great interest to the SEC,” says James Cox, a securities-law ...
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